[ad_1]
By Saraswat Kashyap: Union Minister Sarbananda Sonowal and Myanmar’s Deputy Prime Minister Admiral Tin Aung San on Tuesday jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship.
The cargo ship was flagged off from Syama Prasad Mookerjee Port, Kolkata.
The Sittwe Port has been developed as part of the Kaladan Multi-Modal Transit Transport Project (KMTTP) funded by the government of India.
With the development of Sittwe Port, the cost and time of transportation of goods between Kolkata and Agartala and Aizawl will decrease by 50 per cent, according to an official statement.
Once the port becomes fully operational, it will link the East coast of India with the northeastern states. It will also provide an alternative route for the region, to access international sea routes via the port.
The seaport with a maximum capacity of 20,000 DWT will make Sittwe the maritime hub of Myanmar, drastically reducing the transportation cost of cargo from other parts of the country to the northeast, opening up unprecedented avenues of economic growth for the region.
Speaking on the occasion, Union Minister Sarbananda Sonowal said, “This will promote trade connectivity and people-to-people ties between India and Myanmar and the wider region, and will help boost the economic development of the northeastern states under the Act East Policy of the government.”
The KMTTP comprises four sections, from India to Sittwe Port via maritime shipping, from Sittwe to Paletwa via Kaladan River, from Paletwa to Indo-Myanmar border via road and from the border to our National Highways via road.
[ad_2]
